GameStop Rally Fueled by CEO's 'Very Large' Acquisition Hint
TL;DR
GameStop (GME) rose around 6.5% on Monday after CEO Ryan Cohen said he wants to transform the retailer with a very large acquisition of a consumer company, a deal he did not name but which could lift the company’s market cap from about $10.5 billion to over $100 billion. The move signals a push to move GameStop away from meme-stock status toward growth on merit, supported by stronger trading volume and improving profitability as analysts note a healthier balance sheet.
- GameStop Stock (GME) Rally Continues Following CEO’s Acquisition Comments TipRanks
- GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold CNBC
- These are the companies that Michael Burry thinks GameStop should try to acquire (GME:NYSE) Seeking Alpha
- GameStop wants to conduct 'major acquisition' of a public company GamesIndustry.biz
- Exclusive | The GameStop CEO Has an Audacious Plan to Clinch His $35 Billion Payday The Wall Street Journal
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